According to a new market research study titled ‘Breast Implants Market to 2027 – Global Analysis and Forecasts by Product, Applications, and Surface Type. The global breast implants market is calculated to account for US$ 2,338.6 Mn by 2027 as compared to US$ 1,475.7 Mn in 2018, growing at a CAGR of 5.4% during the forecast period from 2018 to 2027.
The report highlights the trends prevalent in the global breast implants market and the factors driving the market along with those that act as restraints to its growth.
The global breast implants market is a matured market in the developing countries as well as developing economies worldwide. According to 2016 statistics from the American Society of Plastic Surgeons, the average cost of breast implant surgery is US$ 3,719.
The prices for breast implant surgery significantly vary, based on surgeon’s experience, the type and cost of breast implants used and the geographic office location.
Breast Implants Market – Leading Industry Players
Market leaders are involved in expanding their business through organic or inorganic activities such as, acquisition, product launches and product approval. For instance, in 2017, Allergan plc. has carried out various important business developments such as acquisition of Keller Medical, Inc., Zeltiq Aesthetics, Inc., and LifeCell Corporation.
The acquisitions have helped the company positively to expand their product offerings as well as expand their consumer base at a global level. Additionally, in January 2017, Allergan received FDA approval for the commercialization of to market NATRELLE INSPIRA SoftTouch breast implants, which provides women undergoing breast reconstruction, augmentation or revision surgery a new medium firmness gel. Subsequently, these activities are expected to provide the market with lucrative growth opportunities.
Breast Implants Market – Segmentation
The global breast implants market has been segmented, based on different segments such as products, application and geography. The products considered in the study are silicone and saline based breast implants.
The applications of breast implants covered in the report include reconstructive surgery and cosmetic surgery. The market is further examined by evaluating the market on basis of five strategic regions worldwide as North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Breast Implants Market – Regional Analysis
North America - U.S., Canada, Mexico
Europe – France, Germany, UK, Italy, Spain, Rest of Europe
Asia Pacific (APAC) - China, India, Japan, Australia, South Korea, Rest of APAC
Middle East & Africa (MEA) - Saudi Arabia, South Africa, UAE, Rest of MEA
South and Central America (SCAM) – Brazil, Argentina, Rest of SCAM
The market for breast implants is driven by new product launches and FDA approvals. Most of the market players are engaged in the manufacturing various types of breast implants offering maximum advantages and high quality.
For instance, in January, 2018, Sientra, Inc. received the U.S. Food and Drug Administration (FDA) approval of the site-change PMA supplement for its contract manufacturer “Vesta” to manufacture Sientra’s silicone gel breast implants. The company also implemented new manufacturing process improvements as per the FDA and also received approval for process enhancement supplements.
In January, 2017, Allergan plc received approval from the FDA to market NATRELLE INSPIRA SoftTouch breast implants in the US. Additionally, in October 2017, Mentor Worldwide LLC announced the availability of MemoryGel Xtra breast implants in the US.
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